Comunicato Stampa

8 May 2019

Results of the Annual General Meeting of GAM Holding AG 2019

• Hugh Scott-Barrett re-elected as chairman of the Board of Directors (BoD)
• Benjamin Meuli, Nancy Mistretta and David Jacob re-elected to the BoD
• Katia Coudray, Jacqui Irvine and Monika Machon elected as new members of the BoD

At the Annual General Meeting (AGM) held on 8 May 2019, the shareholders of GAM Holding AG approved all resolutions proposed by the BoD, including the management report, the parent company’s financial statements and the consolidated financial statements for 2018, with the exception of granting discharge to the BoD and the Group Management Board (GMB) (49.43% voted for, 41.51% voted against and 9.06% abstained).

Katia Coudray, Jacqui Irvine and Monika Machon were elected as new members of the BoD. Chairman Hugh Scott-Barrett and the other members of the BoD who stood for re-election were confirmed for a term until the end of the next AGM. The proposed members of the compensation committee (Nancy Mistretta, Benjamin Meuli and Katia Coudray) were also confirmed, respectively elected as a new member.

In a non-binding consultative vote, the shareholders approved the compensation report for 2018. The shareholders approved the proposed maximum aggregate compensation amounts for the BoD for the coming one-year term of office and the maximum aggregate amount of fixed compensation for the GMB for 2019, and they also approved the variable compensation of the GMB for the 2018 financial year.

Hugh Scott-Barrett, Chairman of the Board of Directors, said: “On behalf of the Board of Directors, I would like to thank all shareholders who attended today’s Annual General Meeting. I am pleased to be able to welcome Katia Coudray, Jacqui Irvine and Monika Machon to the board. I am convinced that their extensive experience and expertise in their respective areas will be valuable to us.

We also acknowledge today’s vote on the discharge for the 2018 financial year. We understand this decision of some shareholders in the context of the continued liquidation of the ARBF funds. As previously announced, the completion of the liquidation is expected by mid-July 2019.”

Further information relating to the AGM of GAM Holding AG, including the voting results on all agenda items, can be found at www.gam.com/agm2019.

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GAM is a leading independent, pure-play asset manager. The company provides active investment solutions and products for institutions, financial intermediaries and private investors. The core investment business is complemented by private labelling services, which include management company and other support services to thirdparty asset managers. GAM employs approximately 900 people in 14 countries with investment centres in London, Cambridge, Zurich, Hong Kong, New York, Milan and Lugano. The investment managers are supported by an extensive global distribution network. Headquartered in Zurich, GAM is listed on the SIX Swiss Exchange and is a component of the Swiss Market Index Mid (SMIM) with the symbol ‘GAM’. The Group has AuM of CHF 137.4 billion (USD 138.0 billion) as at 31 March 2019, excluding ARBF-related AuM of CHF 1.35 billion in liquidation.

This press release by GAM Holding AG (‘the Company’) includes forward-looking statements that reflect the Company’s intentions, beliefs or current expectations and projections about the Company’s future results of operations, financial condition, liquidity, performance, prospects, strategies, opportunities and the industry in which it operates. Forward-looking statements involve all matters that are not historical facts. The Company has tried to identify those forward-looking statements by using words such as ‘may’, ‘will’, ‘would’, ‘should’, ‘expect’, ‘intend’, ‘estimate’, ‘anticipate’, ‘project’, ‘believe’, ‘seek’, ‘plan’, ‘predict’, ‘continue’ and similar expressions. Such statements are made on the basis of assumptions and expectations which, although the Company believes them to be reasonable at this time, may prove to be erroneous.

These forward-looking statements are subject to risks, uncertainties, assumptions and other factors that could cause the Company’s actual results of operations, financial condition, liquidity, performance, prospects or opportunities, as well as those of the markets it serves or intends to serve, to differ materially from those expressed in, or suggested by, these forward-looking statements. Important factors that could cause those differences include, but are not limited to: changing business or other market conditions, legislative, fiscal and regulatory developments, general economic conditions, and the Company’s ability to respond to trends in the financial services industry. Additional factors could cause actual results, performance or achievements to differ materially. The Company expressly disclaims any obligation or undertaking to release any update of, or revisions to, any forward-looking statements in this press release and any change in the Company’s expectations or any change in events, conditions or circumstances on which these forward-looking statements are based, except as required by applicable law or regulation.